FLOT.L vs. BB3M.L
FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) and BB3M.L (JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD) are both Ultrashort Bond funds. FLOT.L is passively managed, while BB3M.L is actively managed. Over the past 5 years, FLOT.L returned 4.33%/yr vs 3.54%/yr for BB3M.L. At a 0.03 correlation, their price movements are largely independent. FLOT.L charges 0.10%/yr vs 0.07%/yr for BB3M.L.
Performance
FLOT.L vs. BB3M.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT.L achieves a 2.38% return, which is significantly higher than BB3M.L's 1.82% return.
FLOT.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 2.18%
- YTD
- 2.38%
- 1Y
- 4.77%
- 3Y*
- 5.63%
- 5Y*
- 4.33%
- 10Y*
- —
BB3M.L
- 1D
- 0.07%
- 1M
- 0.32%
- 6M
- 1.82%
- YTD
- 1.82%
- 1Y
- 3.90%
- 3Y*
- 4.61%
- 5Y*
- 3.54%
- 10Y*
- —
FLOT.L vs. BB3M.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.38% | 5.19% | 6.39% | 6.04% | 1.87% | 0.20% |
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 1.82% | 4.28% | 5.24% | 4.94% | 1.46% | -0.02% |
Correlation
The correlation between FLOT.L and BB3M.L is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2021 | 0.03 |
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Return for Risk
FLOT.L vs. BB3M.L — Risk / Return Rank
FLOT.L
BB3M.L
FLOT.L vs. BB3M.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) and JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLOT.L | BB3M.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -4.47 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 2.19 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 23.83 | 28.58 | -4.75 |
| Martin ratioReturn relative to average drawdown | 44.39 | 103.46 | -59.07 |
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Drawdowns
FLOT.L vs. BB3M.L - Drawdown Comparison
The maximum FLOT.L drawdown since its inception was -14.03%, which is greater than BB3M.L's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for FLOT.L and BB3M.L.
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Drawdown Indicators
| FLOT.L | BB3M.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.03% | -1.19% | -12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -0.14% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | -0.23% | -2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -1.19% | -1.34% |
Current DrawdownCurrent decline from peak | 0.00% | -0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.03% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.04% | +0.07% |
Volatility
FLOT.L vs. BB3M.L - Volatility Comparison
iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) has a higher volatility of 0.64% compared to JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD (BB3M.L) at 0.24%. This indicates that FLOT.L's price experiences larger fluctuations and is considered to be riskier than BB3M.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT.L | BB3M.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.24% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 0.61% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 0.80% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 0.99% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 0.96% | +2.96% |
FLOT.L vs. BB3M.L - Expense Ratio Comparison
FLOT.L has a 0.10% expense ratio, which is higher than BB3M.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLOT.L vs. BB3M.L - Dividend Comparison
FLOT.L's dividend yield for the trailing twelve months is around 4.68%, while BB3M.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BB3M.L JPM BetaBuilders US Treasury Bond 0-3 Months UCITS ETF USD Acc USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 4.68% | 5.02% | 6.05% | 5.50% | 1.45% | 0.60% | 1.59% | 2.91% | 2.21% | 0.46% |
Frequently Asked Questions
FLOT.L and BB3M.L have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BB3M.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BB3M.L is cheaper with a 0.07% expense ratio, compared with 0.10% for FLOT.L.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.10% for FLOT.L and 0.07% for BB3M.L.
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